EconStor >
Universität zu Köln >
Centre for Financial Research (CFR), Universität Köln >
CFR Working Papers, Centre for Financial Research (CFR), Universität Köln >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/57726
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorKempf, Alexanderen_US
dc.contributor.authorOsthoff, Peeren_US
dc.date.accessioned2012-04-30en_US
dc.date.accessioned2012-05-02T15:44:51Z-
dc.date.available2012-05-02T15:44:51Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/57726-
dc.description.abstractWe test the frequently made claim that SRI funds are conventional funds in disguise. For this purpose, we compare the portfolio holdings of SRI funds to conventional funds concerning their social and environmental standards. Our empirical study of US equity funds shows that SRI funds have a significantly higher ethical ranking than standard funds, i.e., they are not conventional funds in disguise. This result holds for all ethical criteria we investigate. It is stable over time and holds after controlling for several fund characteristics. Finally, we find no evidence that our result is generated by window dressing strategies of SRI funds.en_US
dc.language.isoengen_US
dc.publisherCentre for Financial Research Cologneen_US
dc.relation.ispartofseriesCFR Working Paper 07-13en_US
dc.subject.jelG11en_US
dc.subject.jelG20en_US
dc.subject.jelM14en_US
dc.subject.ddc330en_US
dc.subject.keywordSocially Responsible Mutual Fundsen_US
dc.subject.keywordSocially Responsible Investingen_US
dc.subject.keywordEthical Investmenten_US
dc.titleSRI funds: Nomen est omenen_US
dc.typeWorking Paperen_US
dc.identifier.ppn714985082en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:cfrwps:0713-
Appears in Collections:CFR Working Papers, Centre for Financial Research (CFR), Universität Köln

Files in This Item:
File Description SizeFormat
714985082.pdf610.97 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.